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ISLAMIC BANKING POSTS GROWTH OF 27.8
ISLAMIC BANKING POSTS GROWTH OF 27.8 ISLAMABAD: The asset base of Islamic Banking Industry during the Calander Year 2015, stood at Rs 1.61 trillion compared to Rs 1.3 trillion in 2014, hence registered a growth of 27.87 percent. According to Economic Survey, 2015-16 released by Finance Minister, Ishaq Dar here on Thursday, the deposits of the IBI reached to Rs 1.4 trillion in 2015 as compared to Rs 1.1 trillion during 2014, thus posted a growth of 28.5 percent. Consequently, share of Islamic Banking in terms of asset in overall banking system increased from 6.7 percent in CY10 to 11.4 percent in CY15. While deposits share of Islamic Banking rose from 7.2 percent in CY10 to 13.2 percent in CY15. Net investment of IBI reached to Rs.431.9 billion by end December 2015 from Rs 392.4 billion by end September, 2015, thus posted a growth of 10.1 percent. The growth in investments was mainly contributed by investment in federal government securities as it grew by 16.7 percent duri...
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